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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper | |
| Date: | 10/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2017: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Carlow Castle deposit at the Carlow Castle project. Drilling results incl. 8m @ 9.09g/t Au, 0.34% Co, 2.85% Cu from 76m. Artemis Resources Limited (“Artemis” or “th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Allan Younger (Indigo Geochemistry Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV) is pleased to announce that drilling at Carlow Castle (Figure 4) has intersected significant sulphides 400m east of the previous limit of drilling. The Reverse Circulation (RC) drilling istesting the continuity of the Carlow South and Quod Est mineralised zones to extend them further along strike, and infill drill, to calculate a maiden JORC 2012 complaint resource for cobalt, gold and copper. The drilling is also to test a number of large geochemical and geophysical targets that were identified from an extensive shallow RAB programme1 earlier this year. A substantial copper, cobalt and gold anomaly identified from the RAB geochemical programme beneath 4.5m of transported clay, has intersected sulphides between 65- 87m downhole with significant visible sulphides being intersected between 80-83m, as shown below in Figure 1, from ARC048. Results reported from ARC048 were fast tracked through the ALS Global laboratory. All mineralisation within the area is associated with sulphides, but until the drill samples are analysed the absolute importance of this intersection is uncertain. The RC drilling is part of a 47 hole 4,600m program currently underway, which is designed to reevaluate the cobalt potential of the Carlow Castle South trend. Previous exploration focused on copper and gold mineralisation with cobalt being irregularly collected through the historical drilling programs. | |
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